Ideas on Cable

victoriajensen 2017-09-14 17:21:07 UTC #264

GBP/USD sharply moved to the upside today after the Bank of England announced it is keeping the interest rate unchanged at 0.25%. Next target is likely at 1.3500.

victoriajensen 2017-09-15 17:16:13 UTC #265

GBP/USD not only reached 1.3500 but broke out above that level and reached a new high at 1.3615. The pair will probably continue rallying towards 1.3700.

anon88459104 2017-09-15 17:39:35 UTC #266

I can’t see it moving lower long term at all…

csc2009 2017-09-18 02:01:03 UTC #267

I agree, but I’m expecting consolidation in the beginning of the week before the pair uptrend extend further.

victoriajensen 2017-09-18 16:08:16 UTC #268

The GBP/USD bullish trend is stalling for now, the pair formed a double top at 1.3618, as well as a shooting star candlesitck at that level on the one-hour time-frame before falling moving sharply to the downside. Next target is likely at 1.3425, which is the (MA)89 indicator on the same one-hour time-frame.

arigoldman 2017-09-18 17:14:30 UTC #269

Somehow neutral after the event today. Not much of an impact.

csc2009 2017-09-19 11:35:03 UTC #270

Gbp/Usd continues its corrective movement with slight pull back, short term support can be seen around 1.3450/40 and resistance around 1.3620/10.

victoriajensen 2017-09-19 17:48:27 UTC #271

GBP/USD is testing the support at 1.3470 - 1.3460 and depending on the fundamentals tomorrow it may break out below those levels and continue moving to the downside. Another rally, on the other hand, would likely mean a test of and a possible breakout above 1.3618.

victoriajensen 2017-09-20 17:04:49 UTC #272

GBP/USD rallied again to test the resistance at 1.3618, but whether it will succeed in breaking out above that level depends on the fundamentals coming out later today.

victoriajensen 2017-09-21 17:16:24 UTC #273

GBP/USD dropped after the fundamentals yesterday, but it could not break out below the long-term support at 1.3460 and eventually bounced off from it again. Currently the pair is at 1.3580 and it may test the resistance at 1.3600.

csc2009 2017-09-25 00:42:48 UTC #274

Lack of progress of Brexit negotiation bring the Gbp/Usd correction lower, found support level around 1.3440/50 zone.

arigoldman 2017-09-26 13:21:50 UTC #275

Big improvement in the Sterling. Last few days were off but i think the main trend keeps up.

arigoldman 2017-09-29 11:30:46 UTC #276

I’m sorry i missed selling

victoriajensen 2017-09-29 15:41:19 UTC #277

It may be time for long positions anyway, GBP/USD has formed a double bottom at 1.3340 - 1.3350 and it will likely bounce off from that support.

csc2009 2017-10-02 06:09:21 UTC #278

Gbp/Usd is consolidating lower, upside seems limited to 1.3660 level. Brexit talks still lack of progress, eyes turn to UK PMI this week.

victoriajensen 2017-10-02 18:40:00 UTC #279

So much about that double bottom at 1.3340 - 1.3350, GBP/USD is still very bearish. It could even fall to 1.3200.

csc2009 2017-10-09 00:24:01 UTC #280

Limited upward correction movements, Gbp/Usd short term is still holding above 1.3000 psychological threshold, only break below will lead to further decline.

arigoldman 2017-10-13 21:15:56 UTC #281

Somehow insecure, i’m staying away for now.

csc2009 2017-10-15 23:52:46 UTC #282

Risk remains on the upside, Gbp/Usd consolidate just below 1.3300 level and found immediate resistance at 1.3330.

arigoldman 2017-10-19 17:06:47 UTC #283

The pair lost some gains this week. I think the bullish run will continue.